Is having USDT the most efficient way to buy altcoins during dips?

[Anonylz]

You are wrong, everytime that i have some kind of information about that an altcoin is going to decrease or if just bitcoin is going to do so, i sell all my bitcoins or that altcoin for USDT.

That is the best thing that you can do.

It is the same because you are always going to buy the same amount. 150 USD are the same as 0.01 BTC, and with that amount of money equally in btc or usdt, it is always going to be the same

And once that the altcoin goes down, just buy that one using USDT, by this way you are going to get more bitcoins or whatever you bought.

Simple math, nothing more than that.

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[jerry0]

Okay so the only reason to convert your btc to usdt whether you have btc or just sold the altcoin for btc is if.


1.  You believe btc and altcoins will drop in value until you want to buy another coin

2.  You want to make sure you convert btc in usdt so you park the usdt value so when you want to buy altcoins, then you are unaffected by the btc price fluctuations right?




But if you think btc price go up till the moment you going to buy an altcoin or if you are just holding, then thats the only reason that you should not convert to usdt right?  Thus if you know you will buy altcoin soon but feel btc price will go up, then dont sell it for usdt.  But if you feel it will go down or you dont want to get affected by btc prices, then convert it to usdt?  Also someone says usdt takes more processing time.  Can someone explain this?  I mean when you sell an altcoin for btc... when you sell the btc for usdt... isn't that very quick just like selling altcoin for btc?  And when you are ready to buy altcoin, you buy btc with usdt and then immediately buy altcoin with it. Shouldnt this be very quick or there is something im missing here.  I assume the only negative thing about this would be paying 0.25 percent each time on bittrex so you are paying a total of 0.50 percent to park its value?

[arpon11]

USDT is one of the altcoins that are going to do very well in 2018 . I have been following it price since the beginning and I think this coin or token is going to do well in future and it is a great potential layed. But this is just a personal opinion and you should not invest based on what other saying about this.

[lite]

I buy alts with BTC simple! whenever BTC goes up alts start dipping in value(in terms of BTC) and buy them. when BTC starts going down i sell alts and increase my bitcoin holding.

USDT is one of the altcoins that are going to do very well in 2018 . I have been following it price since the beginning and I think this coin or token is going to do well in future and it is a great potential layed. But this is just a personal opinion and you should not invest based on what other saying about this.

Lol, you should first read about usdt. it's value cannot go higher than 1 us dollar, it will always be pegged to a dollar.

[exstasie]

Lol, you should first read about usdt. it's value cannot go higher than 1 us dollar, it will always be pegged to a dollar.

This is somewhat accurate, but it's more complicated than that. It's a free-floating asset that is openly traded on the markets. It's pegged to the dollar as long as Tether redeems them as such. Currently they are unable to do so. Bad news (like regulatory actions) related to Tether or Bitfinex could send the price of USDT crashing, since people might lose faith that they can be redeemed for dollars in the future.

I've also seen the market value of USDT go well above $1, sometimes 10-20% higher. This happens when the altcoin market is really hot, and people are using USDT to transfer between exchanges to buy different coins more than to hedge USD value.

[TERA2]

1. Tether can collapse.

2. If you are bullish on the long term of btc, then a fait position is not good as you risk losing your btc position.

3. There is far more volume on btc pairs instead of usdt pairs so if you are a large trader you will not be able to fill your orders with usdt.

4. Most alts dont even trade against usdt.

5. You cannot use margin on usdt pairs at most exchanges.